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Post Info TOPIC: HSBC Financing and VAT return
Eva123


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HSBC Financing and VAT return
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Hello,

 

I am very new here, would like to ask you - does anyone using HSBC Financing please? How should I submit VAT? 

1. Should I use cashbooks VAT report? If I use report  only from cashbooks then actuall money what we received from HSBC Financing will not be shown. Because we are paying VAT For already paid invoices and HSBC pre - pay 80% of uploaded invoices. 

2. Or should I take actuall money in and submit VAT? 

 

Many thanks

Eva



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leshoward


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Part payment of invoices, including by a factor, should be shown against the relevant invoices. Check out Notice 731, chapter 5 (http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000348&propertyType=document)

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Eva123


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Posts: 2
Date:
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Many thanks!



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